The American Bear

Sunshine/Lollipops

Feral Capitalism Hits the Streets | David Harvey

[The] problem is that we live in a society where capitalism itself has become rampantly feral. Feral politicians cheat on their expenses, feral bankers plunder the public purse for all its worth, CEOs, hedge fund operators and private equity geniuses loot the world of wealth, telephone and credit card companies load mysterious charges on everyone’s bills, shopkeepers price gouge, and, at the drop of a hat swindlers and scam artists get to practice three-card monte right up into the highest echelons of the corporate and political world.

A political economy of mass dispossession, of predatory practices to the point of daylight robbery, particularly of the poor and the vulnerable, the unsophisticated and the legally unprotected, has become the order of the day. Does anyone believe it is possible to find an honest capitalist, an honest banker, an honest politician, an honest shopkeeper or an honest police commisioner any more? Yes, they do exist. But only as a minority that everyone else regards as stupid. Get smart. Get Easy Profits. Defraud and steal! The odds of getting caught are low. And in any case there are plenty of ways to shield personal wealth from the costs of corporate malfeasance.

What I say may sound shocking. Most of us don’t see it because we don’t want to. Certainly no politician dare say it and the press would only print it to heap scorn upon the sayer. But my guess is that every street rioter knows exactly what I mean. They are only doing what everyone else is doing, though in a different way – more blatently and visibly in the streets. Thatcherism unchained the feral instincts of capitalism (the “animal spirits” of the entreprenuer they coyly named it) and nothing has transpired to curb them since. Slash and burn is now openly the motto of the ruling classes pretty much everywhere.

This is the new normal in which we live. This is what the next grand commission of enquiry should address. Everyone, not just the rioters, should be held to account. Feral capitalism should be put on trial for crimes against humanity as well as for crimes against nature.